According to preliminary figures from INEGI, the economy grew by 0.2% compared to the previous month.

Mexico's economic activity contracted 0.7% in February compared to the same month last year, according to preliminary figures released Thursday by the national statistics agency, INEGI.

Compared to the previous month, the economy reportedly grew by 0.2%, according to the agency.

The Timely Indicator of Economic Activity (IOAE) provides an advance estimate of the economy's performance before the publication of the general IGAE index, a benchmark for monthly GDP.